What was the total deferred revenue for Face Foundrie in 2022?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Deferred revenue, current | $819,881 | $447,000 | $131,147 |
| Deferred revenue, non-current | 1,727,727 | 1,786,704 | 1,637,657 |
| $2,547,608 | $2,233,704 | $1,768,804 |
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the total deferred revenue for 2022 was $1,768,804. This total is comprised of two parts: current deferred revenue, which was $131,147, and non-current deferred revenue, which was $1,637,657.
Deferred revenue represents payments Face Foundrie has received for goods or services that have not yet been delivered or earned. For a franchisee, understanding deferred revenue can provide insight into Face Foundrie's financial stability and future obligations. A significant amount of deferred revenue could indicate strong future sales or potential liabilities if Face Foundrie is unable to fulfill its obligations.
It is important to note that deferred revenue is a common accounting practice, especially in businesses with subscription models or advance payments. Prospective Face Foundrie franchisees should analyze these figures in the context of Face Foundrie's overall financial performance and consult with a financial advisor to fully understand the implications.